insert_link Business / Economics Latest Financial News Highlights – 23 January 2024 China Aims to Surpass $1 Billion Trade with Namibia China has reaffirmed its commitment to enhance trade ties with Namibia, aiming to exceed the US$1 billion trade achieved in the previous year. The focus is on fostering collaborations in vital sectors such as agriculture, aquaculture, tourism, and mining. Official statistics indicate a substantial 29% increase in bilateral trade volume between China and Namibia from January to September 2023 compared to […] todayJanuary 23, 2024 6
insert_link Business / Economics German train drivers union declares snap strike Commuters in Germany are being warned to expect major disruption after the country's train drivers union announced a snap strike. It comes as part of a long-running pay dispute between workers and the country's national rail firm Deutsche Bahn. Trent Murray reports from Berlin. todayJanuary 22, 2024 20
insert_link Business / Economics Building Workers Pension Fund optimistic on construction sector prospects The Namibia Building Workers Pension Fund is optimistic about the year ahead. The principal officer of the NBWPF, Enwich Kazondu, says several projects in the pipeline will impact the construction sector positively. Although, not all will materialise at once, at least the prospects of what lies ahead, create optimism, which is always important from a macroeconomic perspective. Here is Enwich Kazondu. todayJanuary 22, 2024 40
insert_link Business / Economics Major Belgian factory investment marks development of new harvester set to enhance arable farm efficiency World-leading combine harvester to be produced at New Holland’s Center of Harvesting Excellence in Zedelgem, Belgium Machine to be produced on completely renewed assembly line part-funded by government support alongside investment from parent firm CNH Industrial New CR11 combine extends further the productivity, efficiency and sustainability credentials of the existing world-record-holding CR10.90 In a major development in high-capacity harvesting set to help large farms gather their crops more efficiently […] todayJanuary 22, 2024 13
insert_link Business / Economics Why dancers are better workers, according to research WitthayaP/Shutterstock Michela Vecchi, Kingston University and Ian Marsh, City, University of London Breakdancing in the break room might not seem like the best way to get ahead at work, but research shows recreational dance can actually improve productivity performance in the workplace. It is well known that engaging in physical activity has many health benefits – from reducing the risk of diabetes, to lowering the risk of developing coronary heart […] todayJanuary 22, 2024 26
insert_link Business / Economics Cooperation only path to protecting humanity from ongoing crises, Commonwealth Secretary-General tells Non-Aligned Movement Summit The Commonwealth Secretary-General, the Rt Hon Patricia Scotland KC, addressed leaders from 121 Non-Aligned Movement countries, calling for greater cooperation to protect all humanity from overlapping economic, environmental and security challenges. She was speaking at the 19th Summit of Heads of State and Government of the Non-Aligned Movement in Kampala, Uganda, on 20 January 2024. Addressing leaders, foreign affairs ministers and strategic partners as an official observer, the […] todayJanuary 22, 2024 5
insert_link Business / Economics Why sustainability is important for business By Mignon du Preez, Group Marketing, Public Affairs and Sustainability Executive, Old Mutual Namibia The concept of business sustainability is no longer merely fashionable in today's environment; rather, it represents a fundamental change in the way we think about and conduct business. Businesses now view success through a broader prism that goes beyond market supremacy and profit margins to include a profound duty - a commitment to the […] todayJanuary 22, 2024 5
insert_link Business / Economics ECB to signal no rush to cut interest rates European Central Bank policymakers are expected to keep interest rates steady on Thursday and signal they are in no hurry to start slashing borrowing costs despite progress against inflation. The Frankfurt institute is tipped to pause for the third meeting in a row following a historic run of hikes to tame runaway prices, leaving the benchmark deposit rate at four percent. ECB president Christine Lagarde said last week rates had […] todayJanuary 22, 2024 7
insert_link Business / Economics Economic Highlights and Financial Indicators: A Snapshot of Recent Developments Namibia's Tourism Sector Sees a Surge in Leisure Travel: In 2023, the Hospitality Association of Namibia reported a significant shift in travel patterns, with 90% of visits attributed to leisure trips. This marks a notable increase from the 84% recorded in 2019. The data suggests a growing preference for immersive and experiential travel within Namibia's tourism industry, reflecting a positive trend for the country's leisure sector. South Africa's Rand Weakened […] todayJanuary 22, 2024 2
